Wednesday , September 19 2018
Home / Commerce and Economy / Business and Corporate / Siddhartha Development Bank celebrating its 17th AGM

Siddhartha Development Bank celebrating its 17th AGM

sdblThe 17th annual general meeting (AGM) of Siddhartha Development Bank Ltd (SDBL) held in Kathmandu on Friday approved a proposal by its board of directors to distribute 24 percent bonus shares from profits earned during Fiscal Year 2015/16.
Issuing a statement, the bank said its AGM also approved a proposal to raise its paid-up capital to Rs 2.50 billion through a 60 percent rights issue. The bank has total paid-up capital of Rs 1.41 billion and is operating through 33 branch offices throughout the country, it said.

Check Also

Mukherjee new board member in Nabil Bank

By Our Reporter Malay Mukherjee has been appointed as Board Member of Nabil bank representing …